The legendary Italian design house of Salvatore Ferragamo will design the interiors of Trident International's new Dubai-based Pentominium (where expansive penthouses meet the convenience of condo living). The tower for which Ferragamo will design is slated to be the tallest residential building in the world at over 500 meters high. Each floor will comprise one penthouse unit, measuring a luxe 6,500 square feet and offering expansive ocean views.

The building itself will offer a Davidoff-inspired cigar lounge, rooftop observation deck, Swarovski-crystallized grand entrance, indoor pool and spa and fully functional business center. Not that you'd need to leave the tower, but if the need arises, Pentominium residents have use of a fleet of Rolls Royces and Azimut yachts. Residences are expected to be finished by 2012. Though standard units will start at $5.3 million, penthouse list prices have yet to be disclosed.

[via Baller]

Earlier in the year, rumors swirled about a potential Prada IPO, divesting the company of a third of its shares and forcing the Prada family to reduce drastically its 95% stake. It's not news that the design house needs cash -- experts have criticized the house for neglecting to stake a claim in burgeoning Asian markets, and the house is in debt after a 1999 shopping spree that included Jil Sander and Helmut Lang. Enterprising CEO Patrizio Bertelli (husband to design brainiac Miuccia Prada) noted after the New Year that Prada might hit the chopping block in Milan by year's end.

And yet, Prada may need to postpone its public offering another time (it avoided an IPO following the 9/11 attacks), as experts estimate its worth at almost $2 billion less than they predicted earlier in the year. Though some hope Prada can withstand a withering economy and ride out 2008, its significant debt may make such a goal as out of reach as one of the house's iconic Fairy Bags.

Back in April we commented on the fact that several major fashion houses had chosen to bring back '90s supermodels such as Claudia Schiffer, Christy Turlington and Naomi Campbell for their spring ad campaigns. We speculated at the time that the revival was no mere flash in the pan and would continue for subsequent seasons; the new crop of fall ad campaigns has now proved our prognostications correct. Top of the heap is Linda Evangelista's new series of ads for Prada shot by Steven Meisel (above), which rates as a major comeback for the ageless beauty.

In addition, both Chanel and Salvatore Ferragamo have kept Schiffer for their new fall campaigns, while Turlington returns for Escada as well. Elsewhere, Naomi Campbell appears for Yves Saint Laurent and Amber Valletta does the honors for DSquared, Iceberg and David Yurman; while as we mentioned previously Eva Herzigova and Kate Moss heat up the new Louis Vuitton and Just Cavalli campaigns respectively. See the gallery for more.